Australian News Today

Category : Bussiness

Plenty of domestic operators have gone under before Rex. Are all regional airlines doomed?

In short:Rex Airlines has entered voluntary administration, but an Australian aviation industry pioneer says it does not have to be the end for the outback air

ASX 200 LIVE: ASX rebounds after global rout; Woodside shares tumble

The Australian sharemarket rebounded on Tuesday as investors took a breather following heavy selling, triggered by US recession fears earlier this week.The benc

Inside the boardroom civil war that brought Rex to its knees

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The RBA has managed to dodge a bullet on interest rates, but dark economic clouds are looming

That's the thing with silver linings. They're usually attached to dark clouds.After salivating for months about the prospect of interest rate cuts and blithely

After too many late nights worried about his mortgage, Andy chose to sell up and rent instead

Financial services consultant Andy Barrow used to be a home owner in the nation's most expensive city.It seemed as if he was one of the lucky ones, with many wo

ASX loses $160bn in two days as US recession fears prompt sell-off

Australia’s share market has suffered its worst day since the onset of the pandemic as fears of a US recession prompted investors to exit their positions, era

Australia’s ‘Goldilocks scenario’ is over with a $100 billion fall. It’s hard to tell what happens now

Australian stocks have closed down 3.7 per cent today, wiping more than $100 billion from the stock market.That's the biggest fall since the pandemic lockdown e

Australian banks are getting out of the Pacific. It threatens economies and livelihoods

It's a problem that could cripple economies and threaten livelihoods across the Pacific.Some Western banks have been getting out of the region, and Australia fe

Australia’s central bank expected to hold rates steady at 4.35%

HIGH COST OF LIVING Australians say they are facing increasing financial stress, and grappling with a higher cost of living as food and fuel prices soar. Nowh

Bidding opened to manage Sydney Airport’s coveted gates after accusations of ‘slot hoarding’ by Qantas and Virgin

In short:Available flights at Sydney Airport could face a shake-up, with the government seeking new management for slot allocation.Qantas and Virgin had been ac

Live: ASX set to tumble as recession fears crunch Wall Street and global markets

Good morning and welcome to another week on the ABC markets and finance blog.Stephen Letts from ABC business team limbering up for a blow-by-blow coverage of th

These are the simple, brutal numbers that explain why households are doing it tough right now

There won't be protest marches in the streets when the Reserve Bank of Australia makes its next decision on interest rates.But that's only because everyone who